Waystream Holding (Sweden) Market Value
| WAYS Stock | SEK 15.86 0.06 0.38% |
| Symbol | Waystream |
Waystream Holding 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Waystream Holding's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Waystream Holding.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Waystream Holding on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Waystream Holding AB or generate 0.0% return on investment in Waystream Holding over 30 days. Waystream Holding is related to or competes with AB Volvo, Investor, Industrivarden, and Atlas Copco. Waystream Holding AB provides a portfolio of service routers and switches that are used in the areas of high speed broad... More
Waystream Holding Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Waystream Holding's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Waystream Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.6 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 7.87 |
Waystream Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waystream Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waystream Holding's standard deviation. In reality, there are many statistical measures that can use Waystream Holding historical prices to predict the future Waystream Holding's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (5.41) |
Waystream Holding Backtested Returns
Waystream Holding shows Sharpe Ratio of -0.0578, which attests that the company had a -0.0578% return per unit of risk over the last 3 months. Waystream Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waystream Holding's Market Risk Adjusted Performance of (5.40), standard deviation of 4.18, and Mean Deviation of 2.63 to validate the risk estimate we provide. The firm maintains a market beta of 0.0443, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Waystream Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waystream Holding is expected to be smaller as well. At this point, Waystream Holding has a negative expected return of -0.25%. Please make sure to check out Waystream Holding's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Waystream Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Waystream Holding AB has very weak reverse predictability. Overlapping area represents the amount of predictability between Waystream Holding time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Waystream Holding price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Waystream Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Waystream Holding lagged returns against current returns
Autocorrelation, which is Waystream Holding stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Waystream Holding's stock expected returns. We can calculate the autocorrelation of Waystream Holding returns to help us make a trade decision. For example, suppose you find that Waystream Holding has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Waystream Holding regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Waystream Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waystream Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waystream Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Waystream Holding Lagged Returns
When evaluating Waystream Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waystream Holding stock have on its future price. Waystream Holding autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Waystream Holding autocorrelation shows the relationship between Waystream Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Waystream Holding AB.
Regressed Prices |
| Timeline |
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Additional Tools for Waystream Stock Analysis
When running Waystream Holding's price analysis, check to measure Waystream Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Waystream Holding is operating at the current time. Most of Waystream Holding's value examination focuses on studying past and present price action to predict the probability of Waystream Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waystream Holding's price. Additionally, you may evaluate how the addition of Waystream Holding to your portfolios can decrease your overall portfolio volatility.